CoreLogic adds the HOVER app to its Underwriting Center platform
CoreLogic has integrated HOVER property measurement and 3D technology to the CoreLogic Underwriting Center platform for insurance clients.
The integration removes the need to hand-measure the property while getting a complete property view. With the HOVER app, users can also take images of a property via their smartphone and automatically get accurate measurements, as well as an AI-derived sketch of their home.
“The accurate sketch that HOVER provides to homeowners serves as a single source of truth about a home's vital data for all parties – from the homeowners themselves to the insurance carriers and inspection companies,” said Kevin Reilley, executive vice president at HOVER. “This integration into the underwriting workflow helps determine a precise replacement cost calculation and additional insights to risk factors, while also providing transparency between homeowners and their insurance carriers.”
Moreover, insurers can better manage inspection expenditures while allowing policyholders to digitally participate in securing homeowner coverage on their properties through HOVER’s self-service app.
“With HOVER automatically integrated to the CoreLogic UnderwritingCenter, insurers can access detailed property information without disrupting workflow or changing existing underwriting guidelines,” said Rosanna Hancock, senior leader of client delivery at CoreLogic Insurance and Spatial Solutions. “We are pleased to offer this advanced technology to our insurance customers to help them make more accurate, timely decisions when assessing a property’s current condition and making policy decisions.”
